Hi, I am due to be offered ihr with immediate pension within the next few weeks. I have not seen the quote from the Pensions Dept yet, but I was wondering whether I will still be given the option to take the maximum tax free lump sum and smaller pension, or will I have to just take the pension only?
Thanks for any advice.
ANNOUNCEMENT : ALL OF ROYAL MAIL'S EMPLOYMENT POLICIES (AGREEMENTS) AT A GLANCE (Updated 2021)... HERE
ANNOUNCEMENT : PLEASE BE AWARE WE ARE NOT ON FACEBOOK AT ALL!
IHR and Lump sum
-
up a big hill
- Posts: 13
- Joined: 26 May 2009, 18:08
- Gender: Male
IHR and Lump sum
did you get a pension quote ?? I may have the same option ncoming up soon
-
redrum54321
- Posts: 4
- Joined: 22 May 2016, 19:03
- Gender: Female
IHR and Lump sum
Yes, finally came up a couple of weeks ago. It was worth so much more than even I thought. I knew that the immediate pension quote gave me all my benefits without any losses, and that I would get another pension to go with it. However, when I took the option for the maximum lump sum for my pension, I didn't realise that I also got a maximum lump sum for the second pension too! Added together it was a very large lump sum.up a big hill wrote:did you get a pension quote ?? I may have the same option ncoming up soon
I have heard that RM intend to change the IHR rule in April 2018, so I would try and conclude everything soon.
-
fly-catchers
- EX ROYAL MAIL
- Posts: 573
- Joined: 05 Oct 2008, 16:38
- Gender: Male
IHR and Lump sum
How did you go about IHR as I am 59 with knackered knees!